American Airlines Group, Inc. (AAL) Position Decreased by Prudential Financial Inc.

Prudential Financial Inc. trimmed its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 6.5% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 931,450 shares of the airline’s stock after selling 65,140 shares during the period. Prudential Financial Inc. owned 0.19% of American Airlines Group worth $44,234,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. MCF Advisors LLC bought a new position in shares of American Airlines Group in the 2nd quarter valued at approximately $106,000. Westside Investment Management Inc. raised its stake in shares of American Airlines Group by 3.5% in the 2nd quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after acquiring an additional 72 shares in the last quarter. WFG Advisors LP raised its stake in shares of American Airlines Group by 28.1% in the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after acquiring an additional 519 shares in the last quarter. First Manhattan Co. raised its stake in shares of American Airlines Group by 3.3% in the 2nd quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after acquiring an additional 75 shares in the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of American Airlines Group by 516.8% in the 2nd quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock valued at $126,000 after acquiring an additional 2,000 shares in the last quarter. 82.91% of the stock is currently owned by institutional investors and hedge funds.

Shares of American Airlines Group, Inc. (NASDAQ AAL) opened at $45.82 on Friday. American Airlines Group, Inc. has a fifty-two week low of $39.21 and a fifty-two week high of $54.48. The firm has a market capitalization of $21,924.82, a P/E ratio of 9.41 and a beta of 0.97. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.40 by $0.02. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The company had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.88 billion. During the same quarter last year, the firm earned $2.80 EPS. American Airlines Group’s revenue for the quarter was up 2.7% compared to the same quarter last year. research analysts expect that American Airlines Group, Inc. will post 4.64 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.87%. The ex-dividend date is Friday, November 10th. American Airlines Group’s payout ratio is presently 10.18%.

In other news, Director Ray M. Robinson sold 3,476 shares of American Airlines Group stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total transaction of $162,537.76. Following the sale, the director now owns 29,938 shares of the company’s stock, valued at approximately $1,399,900.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is currently owned by company insiders.

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A number of research analysts recently weighed in on the company. BidaskClub raised American Airlines Group from a “strong sell” rating to a “sell” rating in a research note on Thursday, September 14th. Morgan Stanley reissued an “equal weight” rating and issued a $52.00 price objective (down from $54.00) on shares of American Airlines Group in a research note on Thursday, August 17th. Stifel Nicolaus reissued a “buy” rating and issued a $95.00 price objective on shares of American Airlines Group in a research note on Tuesday, August 22nd. Sanford C. Bernstein reissued a “hold” rating on shares of American Airlines Group in a research note on Monday, August 7th. Finally, Buckingham Research reissued a “buy” rating and issued a $70.00 price objective (up from $68.00) on shares of American Airlines Group in a research note on Monday, July 31st. Three research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. American Airlines Group presently has a consensus rating of “Hold” and a consensus target price of $58.47.

American Airlines Group Company Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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